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Thanks for the fair warning, but do you think it will be better to contact them directly though? https://twitter.com/binanceCZ is pretty much very active, perhaps you can get his attention about your 'detailed white paper about Binance". Best of luck!!! I'll certainly do it. I did send a couple of tweets privately to CZ first; further posts to the public channel will be based even on how it react You should do everything in public. Why? So everything will be transparent here. And people loves to see CZ reaction? So why make it private then? It will be you chance, that is if they acknowledge their wrong doings in the first place. sure, I agree a public board would be the most productive way and transparency is always appreciated by community. |
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AWS can be considered the industry-standard solution for cloud storage, streaming services and music libraries, but being a shared infrastructure, definitely they cannot guarantee the computational resources required by mission-critical tasks, such as support sudden high market activities;
That's pretty much the opposite of reality. AWS resources can be scaled up quickly and seamlessly unlike a server rack. You're also overestimating how much hardware a site like Binance really needs. It's nowhere near facebook scale. That's not to say they don't have scalability issues but you're not really proving that. just a curiosity bud: what's would be the magic trigger to scale up on-premises resources just at the moment when market suddenly centuplicate his activity in a matter of seconds? Because you are aware that BTC market works like this aren't you? It's almost sleeping flat/sideway for days or weeks till "exploding" in flash deep&spikes sequences, mostly handled by bots and stop orders... With unpredictable behaviours like this, even a full cage of dedicated racks would most likely result undersized during sudden market moves, even considering the huge flood of data multiplied by the hundreds of altcoins that Binanace generously handles, "exploding" all at once with millions of connected users queued awaiting for their turn of data flowing thru a bottleneck... Then, I'm curious to understand why TradingView (that don't run on AWS) never hangs during these critical overloads and their data streams are always pretty fluid in real-time while Binance in a side-by-side window is totally frozen! How to prove that Binance platform locks? Just my word sorry, and most likely the witness of many other day traders (that are welcome to contribute); I don't really think to be the only one affected... BTW in in the ticket conversation itself with Binance full of “sorry" and admissions they have to improve, implicitly they recognised their platform overloads, otherwise, if they knew they were perfect, why to offer me a such generous compensation of one month free upscaled commissions tier? much love |
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Binance is a Chinese company and they certainly reason based on their cultural background, where censorship may manipulate "high-power" responsibility.
Binance has high liquidity, low fees and under 2 BTC/day they don't ask for KYC. Whether we like it or not, this is all most traders may care about. If the problems would be so big and annoying, people would leave. About contacting the authorities.. Binance is in Malta nowadays, which afaik has quite a lax legislation. So .. good luck with that. If you have a proper concern, CZ is still your best chance. Mate, I remind you that Malta is a member of European Union and despite their efforts to act as an off-shore paradise (such as Luxembourg and Cyprus...) they are subject to the same regulations, directives and control authorities of Germany, France, Italy etc... I don’t want to discuss the whole Binance project and their effective marketing (that attracted me too); rather my goal is to focus on the the inefficiency of their tech infrastructure! AWS can be considered the industry-standard solution for cloud storage, streaming services and music libraries, but being a shared infrastructure, definitely they cannot guarantee the computational resources required by mission-critical tasks, such as support sudden high market activities; and everybody should easily figure out how delayed charts and/or missing order confirmations could lead to real disasters for investors! In my deep intra-day trading activity, I've discovered that the platform often "freezes" for a few seconds (up to 1 minute) during volumes accelerations, that for high-leveraged trading it's simply destructive. Even remembering te recent hack they suffered, I simply believe that with their huge number of users base (and incomes...) they must quickly build a geo-distributed redounded network of proprietary data centres, with 100% reserved resources and full autonomous technical/OpSec management, I mean, such as Facebook (and many others) already does since years. Meanwhile, they should recognise their current weakness compensate damages suffered by their platform outages. Easy enough to agree, isn't it? Last week I’ve suffered a margin liquidation on futures wallet due to an outage as above, kicking me rudely off from the market right while a long-awaited 1000 points volatility wave was beginning and ready to ride… My immediate complaint brought to a delayed disrespectful evasive answer based to the most typical Chinese strategy to sort-out economic issues, well known as the "Sorry Sir” model... Finally today, after having seen my first public actions, they offered as compensation a "free a VIP+1 plan for one month"... quite offensive, but al least they formally recognised their fault! Up to you to evaluate without prejudice if my anger is well motivated or just an effect of my frustration. BTW, initially I’ve formally asked for a 5000 USDT compensation, risen to 2 BTC after their today’s offer... but of course I’m aware I’ll never see a cent! As I didn't get any reply writing directly to CZ, I'll follow your suggestion to tweet to official Binance forum! I'll keep you updated |
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Binance is playing with our money running their platform over undersized shared IT resources at AWS instead managing their own full controlled data centres, as expected from the alleged world’s leading crypto exchange...
You need to grow up. They can run on a $35 raspberry Pi for all they want. That is not something that the government is concerned. The market and its participants are there to handle the situation. exactly! as I've explained in my prev reply, the power is in the community! Binance is a Chinese company and they certainly reason based on their cultural background, where censorship may manipulate "high-power" responsibility. Unfortunately for them, this model wouldn’t works here and they will discover that even reply to a small user complaint matters. |
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You're asking to spread information but really you're just saying "Binance runs on AWS" without any proof or explanation why that's bad.
And if you're really contacting all those agencies then boasting about it publicly is probably not the best approach.
contacting the authorities is just the 1st step of the strategy; I believe it must be done to create a sort of officiality to the claim. The big financial authorities will most likely do nothing in short term even with a well documented evidence of the lack of security of a platform handling billions…. At least they have being warned how Binance manages their customer money before any follow-up of the company. Basically they are the public guarantors towards investors and the technical aspect in this case has a certain relevance. Anyhow, I believe that the real power of the protest lies in the power of the free uncensored community. |
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Thanks for the fair warning, but do you think it will be better to contact them directly though? https://twitter.com/binanceCZ is pretty much very active, perhaps you can get his attention about your 'detailed white paper about Binance". Best of luck!!! I'll certainly do it. I did send a couple of tweets privately to CZ first; further posts to the public channel will be based even on how it react |
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hi all
I’m going to reveal to authorities and community how Binance platform weakness might seriously affect your money balance because of well documented outages during peak market activity, that as happened to me, might leads do big money loss for improper positions liquidation!
Simply, Binance Trading Platform “freezes” for up to minutes stopping to update market data flow (ticker price and order book) misleading your orders issue/confirmation and actual market position, causing unwanted situations (such as futures liquidation) and missing-out market sudden movements!
I’m currently writing a detailed white-paper about Binance platform outages to be sent to main authorities such as
- EBA (European Bank Authority
- EIOPA (Consumer protection & financial innovation)
- ODEC (Digital Age Financial Consumer Protection)
- SEC (US Securities and Exchange Commission)
- CONSOB (Italian National Commission fo Financial Markets Supervision)
...and of course all the crypto-space community!
As Binance support ignored my well documented complaints without any respect, any help spreading these informations is welcome.
Binance is playing with our money running their platform over undersized shared IT resources at AWS instead managing their own full controlled data centres, as expected from the alleged world’s leading crypto exchange...
Feel free to contact me by PM for further explanations at any time.
TBC.
/ EP
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[...]
Thanks for the very accurate answer; honestly I’m surprised that your developer staff doesn’t have the skills and resources to develop a custom firmare based on original BM source side! I could do it even by myself with my limited programming experience if only I wish to invest some time on a project like that; however it would be a nonsense for the limited miners I have to manage and most of all, the wide availability of free open source solution currently available for free. I think that Awesome Miner (that is definitely not a cheap product...) should have had to offer his his solution to their customers for free as did by SlushPool with Brains OS, that is neither restricted to run in their pool! A matter of style before any other economic or technical onside consideration, but again, it’s just my humble opinion. All the best / Enrico |
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Hi Patrike
the auto tune feature was disabled, that chart is the snapshot of miners behaviour running all night long.
The miners was manually set to low power on the whole single chains, (475 MHz, 8,1÷8,5V ~ 780W / 10 THs) replicating exactly the settings previously running on Braiins OS to make the comparison reliable.
Workers was set to SlushPool EU servers, while DevFee was set to Singapore; honestly this shouldn't be the cause of the drops shown on the chart.
Anyway, at this point it doesn't really matters, if really I'm the only one having experienced these strange behaviours perhaps it has been my fault as before I've tried to hack the DevFee workers tweaking the router attempting (unsuccessfully) to get rid of them; perhaps the firmware is so maliciously intelligent to remember hacks attempts and vendicate itself :-)
Regardless benchmark oddities, the most disappointing aspect, is that it's a shame for Awesome Miner to promote DevFee firmware to their paying customers!
And most generally speaking, why pay fees for a suspicious firmare that basically doesn't performs better than others whose source code is open source such as BOS??
Honestly Awe Miner reputation doesn't come out strengthened by this questionable marketing operation. IMHO of course... does someone disagree on this point?
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I see, but how could explain the mining pool showing halved scoring hash rate and this workers chart? https://ibb.co/MfFm4Q6 |
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dude, the evidence as said is that the sum of "accepted" blocks of the two DevFee workers reported in miner status page, was in some case nearly half of my main worker URL! Some other miners reported "just" 20-25% of DevFee blocks... Also the TX/RX packets counter related to destination IPs of my legit and dev workers (all targeting SlushPool) shown in MikroTik router, was matching the same percentage shown in miner stat page. Then, the active workers graph on SlushPool dashboard shown a zig-zag shape that means my legit worker went down for prolonged periods before resume... I also did a test to "tarpit" forward traffic to Dev workers destination addresses (with /ip/filter rules) just to delay traffic reducing efficiency (and thus priority) without killing the sockets, and it partially worked! I mean the number of "accepted" blocks has reduced drastically, but after some minutes the two DevFee workers turn to "death" and the miner automatically reboots in an endless loop.. I'm sorry I didn't take screenshots to prove what I'm reporting, but I've run the test for the whole last night and today my priority was to resume ASAP the Braiins OS firmare! You may easily replicate this condition by yourself, but I suggest to run at least 3-4 miners at once for a couple of hours. Here the screenshot of last night SlushPool dash showing workers drops: https://ibb.co/MfFm4Q6I want to heavily complain with Awe Miner support as they are legitimating a scam tool spoiling their trust and reputation! This firmware itself is not so bad (nothing revolutionary ever seen so far though), but in my opinion AM should distribute an "hack-free" verified version to their licensed users... |
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well, I've istalled the AweMiner firmware n 7 S9, it is based to one of the many DevFee hacks already seen; it is clearly developed in Russia, and the big surprise is that DevFee id MUCH MORE than 2%, it can reach up to 40-50% as shown by "accepted" counter in miner stats page and by global severe decline of total hash rate reported by the mining pool.
Some workers often hang as shown by SushPool chart, Fee workers are set to mine on SlushPool too. a total SCAM legitimated by Awesome Miner that make me suspect also of their monitor App.
Shame AM, tay away!
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Alibaba vendors do not sell hushboars of Zig Z1.
They all respond: Sorry,we don't sell hashboards.
I would very happy, is somebody help me where I can get hashboards.
the "no problem / sorry" pattern is the most typical Chinese traders behavior! The point is that manufacturer under no circumstances sell spare hash-boards without returning the full defective unit; they only manage replacements as they DO NOT own an equipped lab for repairs; So, the only option is claiming warranty to your vendor by sending back the full unit; Upon receive from you, the vendor ship the miner to DaYun that should replace the faulty boards, provided that have not been burned out by overclocking, surge or else... but as they are definitely unable to understand the failure cause, the decision in totally arbitrary! Looks to be big challenge even for Chinese customers, good luck mate! FYI, my CN partner investigated and explained the whole workflow: 1) the ASIC chips and PCBs (main / hash boards) are produced by a well known high-tech factory in Shenzhen area; 2) the DaYun manufacturer (most likely based in NingBo) is a very small company just managed to buy and assemble the raw material, develop firmware (maybe...) and distribute the end product to the myriad of vendors mostly located (again) in Shenzhen... 3) the vendors are the only "official" distribution channel and they all signed an agreement with DaYun to not unveil their identity! /E Interesting, that would explain why the vendors are hosting the firmware updates. Any idea about the Nov 1 story? this mostly explains why DaYun don't have any direct contact with their customers. Simply they lack of staff and resources to manage anything else then assemble pre-built parts, pile packs on pallets and handle domestic shippings to their vendors net. This commercial decentralization also facilitates the proliferation of confusion, scammers and fake info... Nov 1 story? Halloween joke of course, a CN version of April Fool :-) |
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Alibaba vendors do not sell hushboars of Zig Z1.
They all respond: Sorry,we don't sell hashboards.
I would very happy, is somebody help me where I can get hashboards.
the "no problem / sorry" pattern is the most typical Chinese traders behavior! The point is that manufacturer under no circumstances sell spare hash-boards without returning the full defective unit; they only manage replacements as they DO NOT own an equipped lab for repairs; So, the only option is claiming warranty to your vendor by sending back the full unit; Upon receive from you, the vendor ship the miner to DaYun that should replace the faulty boards, provided that have not been burned out by overclocking, surge or else... but as they are definitely unable to understand the failure cause, the decision in totally arbitrary! Looks to be big challenge even for Chinese customers, good luck mate! FYI, my CN partner investigated and explained the whole workflow: 1) the ASIC chips and PCBs (main / hash boards) are produced by a well known high-tech factory in Shenzhen area; 2) the DaYun manufacturer (most likely based in NingBo) is a very small company just managed to buy and assemble the raw material, develop firmware (maybe...) and distribute the end product to the myriad of vendors mostly located (again) in Shenzhen... 3) the vendors are the only "official" distribution channel and they all signed an agreement with DaYun to not unveil their identity! /E |
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Thanks seems they are pumpimg out the updates and new miners as well. what a pity they won't develop a NO-FAN-CHECK release to resume all the faulty miners that don't recognize one fan RPM... |
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A big thanks from me too! Just messaged the supplier...hope they can provide a board. Thanks a lot from me too. I have two hashboards faulted and already said good by to 5300 EUR. But You have given me chance. Thanks again. OMG how did u fuck 2 boards? tried to remove a fan to make it less noisy and something went wrong? Mine stopped to detect OUT fan suddenly... and no warranty at all anyway I've got in touch with other vendors too on Alibaba; now all Chinese are sleeping, I'll report news here tomorrow... then maybe we could share shipping charges from the factory to the vendor :-) I'm kidding of course! |
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Hi, I'm confused .. which is the right webpage to order the Miner direct from china / manufacturer ? http://www.dayunmining.com/Looks like scam - price too low, no ssl - bad appearance https://www.zigminer.com/Looks better but no option to order something (I mailed them ... no answer till now) https://dayun.company/Looks best, complete order / account system, price looks legit Anyone could help here ... ? Thanks Everybody is quite confused here... I suggest you to find a verified vendor on Alibaba to benefit full buyer protection /E |
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Hi dear sir, we are also vendor of dayun z1 machines, to be frankly , dayun has after sales serveice. its process as below:
if u find a problem with machines , u have 2 choices:
① u send machine back to factory to do a test and check the problem , after maintainance, we send machine back to u , shipping cost will be covered by customers
② if u can find the problem, such as control board, or fans or hashboard. control board and fans can be bought and sent to u from factory directly, also shipping cost covered by customers, if it is problem with hashboard, can only send back to factory and change new one for u.
Nǐhǎo Grace actually I just need to purchase a new control board, could you provide it a a reasonable cost? Shipping by DHL collect (I pay the freight charges using our DHL import code) Xiéxié /E |
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Agreed, but... I asked some time ago about hasboard replacement part on Alibaba Letine, maybe this some solution for You:
"we could provide you controller board,$106/pcs.
sorry inform you that we dont have harshboard."
Hi mate, could you provide the AliBaba vendor URL? thanks /E |
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